S&P Bank M&A 2022 Deal Tracker: 15 Deals Announced In July| MENAFN.COM

Wednesday, 28 September 2022 01:04 GMT

S&P Bank M&A 2022 Deal Tracker: 15 Deals Announced In July

(MENAFN- ValueWalk)
mohamed_hassan / Pixabay

Fifteen U.S. bank M&A deals were announced in July for an aggregate deal value of $457.5 million, according to S&P Global Market Intelligence data.

Other highlights include:

  • The median deal value-to-tangible common equity ratio for deals announced in 2022 rose to 154.3%, eclipsing full-year 2021′ s 152.8% and 2020's 136.3%, and just below 2019's 156.0%.

Q2 2022 hedge fund letters, conferences and more

Massif Capital's Top Short Bets In The Real Asset Space [Exclisuve]

Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

  • Total deal value year-to-date through the first seven months of 2022 was $17.58 billion, down from $38.59 billion over the same period in 2021.
  • Texas, Illinois banks remain popular acquisition targets, including Great Plains Bancshares' and Gregg Kidd's (private investor) announced acquisitions of Providence Bancshares and the State Bank of Herscher, respectively.
  • July deal among top 10 most expensive deals announced since 2021. Bank First Corp. announced acquisition of in-state peer Hometown Bancorp Ltd. for $123.9 million at a deal value-to-tangible common equity ratio of 210.9%, made it the seventh-most expensive deal announced since Jan. 1, 2021.

Updated on Aug 11, 2022, 5:04 pm


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.